Too true, PI seems to be directed more and more to the point and click crowd. It's being packed with photo and print wizards designed to make the job easier for the home user. Maybe the Ulead people decided they'd never be able to grab a decent piece of the Painter and Photoshop market.
That said, the recent Xara Xtreme also headed in an unexpected direction...
New consumers and wider user base seems to be the way to go...